Open Letter to Washington Capitals Fans

By now you have probably heard the news that my partners and I have completed our purchase of the Washington Wizards and Verizon Center and created a new company – Monumental Sports & Entertainment – that owns those entities as well as the Capitals and the Mystics.

You’re likely to see and hear more from me on this news in the coming days – in the media, on my blog (tedstake.com), at the NBA Draft. It’s big news, and something my partners, my family and I are very excited about.

But I’m here to assure you that even if you hear me talking about the Wizards a lot, I haven’t – and never will – overlook the Capitals and our commitment to bring a Stanley Cup to Washington. I will continue to be focused on your well being and happiness.

A few people have asked how I expect to juggle these new responsibilities. I believe I’ve always been someone with great “bandwidth” to cover a variety of interests, including different companies, film projects and, foremost, my family. The Wizards will have a place in those interests, no bigger or smaller than the Caps – just as I don’t choose between my son and my daughter!

The creation of Monumental actually creates opportunities that I hope Capitals fans are excited about. We now program Verizon Center and we hope to be able to offer terrific new cross-marketing opportunities to our fans. We plan to continue to improve the fan experience at Verizon Center and will count on your feedback to do so. And we will over-index on scheduling and maintenance-oriented projects related to all of your teams.

Thanks as always for your support, and I will see you at Kettler Capitals Iceplex, the Caps Convention and Verizon Center in the upcoming months. And I’m always available to you at washingtoncaps@aol.com.